Senior Citizens: Big gift to senior citizens, these banks announced bumper interest on FD..
Fixed Deposit: There are many investment options for senior citizens, including SIP and gold. However, most senior citizens still consider fixed deposits (FDs) to be safe. Senior citizens are offered higher interest rates by banks than general customers so that they can get better returns on their savings. Some small finance banks are offering attractive FD interest rates, especially for senior citizens.
Unity Small Finance is giving this much interest-
This bank is offering interest rates ranging from 4.50 percent to 9.10 percent to senior citizens on FDs ranging from 7 days to 5 years. The highest interest rate is 9.10%, which is being given to senior citizens on FDs of 1001 days. The bank has implemented these new deposit interest rates from March 11, 2025.
DCB Bank is offering this much interest-
DCB Bank is offering interest rates ranging from 4.25% to 8.25% to senior citizens on FDs ranging from 7 days to 120 months. The highest interest rate of the bank is 8.25%, which is given to senior citizens on FDs of 15 months. These new interest rates have been implemented by the bank from 7 May 2025.
Ujjivan Small Finance Bank-
This bank is giving a maximum interest rate of up to 8.05 percent on FDs to senior citizens. Senior citizens get the benefit of an additional 0.50 percent interest in this, that is, they can get a maximum return of up to 8.55 percent. These rates are applicable on FDs (Fixed deposits) of less than Rs 3 crore. The new interest rates are effective from 24 April 2025. (Ujjivan Small Finance Bank)
North East Small Finance Bank is offering this much interest-
This bank is offering interest rates ranging from 4% to 9% on FDs ranging from 7 days to 120 months. The highest interest rate of the bank is 9%, which senior citizens get on FDs up to Rs 3 crore.
Utkarsh Small Finance Bank-
For senior citizens, this bank is offering interest ranging from 4.50% to 8.75% on FDs ranging from 7 days to 10 years. The highest interest of 8.75% is available on FDs of 2 to 3 years. These rates are applicable on deposits less than Rs 3 crore and are effective from May 5, 2025. (Utkarsh Small Finance Bank)
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